But rather than prompt a wave of economic activity, the El Salvadoran economy has struggled to offset heavy losses in its bottom line caused by a collapse in bitcoin prices.
The mention of digital currencies and the acknowledgement of future CBDCs is believed to be the first time cryptocurrencies have appeared in the budget papers.
Although the government is yet to release comprehensive regulations regarding the development, sale or use of digital assets, Treasury has strengthened its internal teams working on digital asset research over the past 12 months.
Following last year’s Senate committee report on regulating digital assets, Treasury has signalled that it is likely to launch a token mapping project as a first step to better define different token types.
